Answer: $26,000
Explanation: Retained earnings could be defined as that portion of a company's earnings that hasn't been distributed to shareholders as dividends. It is reserved as working capital, clear outstanding liabilities and general running of the business.
Retained Earning is calculated using the formula :
Retained Earning (RE) = beginning retained earning + Net income - dividend
Since the company just started (1st month), there was no previous retained earning.
Therefore,
RE = Net income - dividend
RE = $30,000 - $4,000 = $26,000
Answer:
He is best served investing in the following:_______
a. hedge funds
Explanation:
Hedge funds require high maintenance cost. Hedge funds are alternative investment vehicles used by risk-tolerant investors. The hedge funds investment company pools funds from different investors into a single fund and then employs different strategies, including complex trading, sophisticated derivatives, portfolio-construction, and risk management techniques, to earn active returns and improve the pooled funds performance.
Answer:
d. social support.
Explanation:
Social support -
It refers to the practice of holding up the people , in order to encourage and motivate the people abou certain task or work , is referred to as social support .
In a company or business , the employees are supported by the rest of the employees in order to encourage the employees to excel in their work , and work for the betterment of the company .
The method is very helpful for fresh and new employees .
Hence , from the given scenario of the question ,
The correct answer is social support .
While explaining the benefits of representation to a potential buyer, the buyer asks if he can get a good rate on a mortgage. The response should be "sorry, that's outside the scope of my expertise".
<h3>What are mortgage?</h3>
When you and a lender enter into a mortgage, the lender is granted the power to seize your property if you are unable to pay back the loan amount plus interest.
Mortgage loans are used to either purchase a home or borrow against an existing home's worth.
Some mortgage rights are-
- The mortgagee holds rights to the real estate collateral used to secure the loan in a mortgage.
- The lender is protected against default thanks to this.
- It also mandates that specific measures be established for the seizure of collateral assets in the event of default.
To know more about the collateral, here
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Answer:
$100
Explanation:
As we know that:
Paid-in Capital = Amount Received - Common stock at par value
During the issuance of common shares:
Here the par value given is $6 per share, so the total common stock value for 100 shares is $600 (100 shares * $6 per share) and the amount received is $700 when the common stock was issued.
So by putting the value in the above equation we have:
Paid in Capital = $700 - $600 = $100
Entry of issuance of shares:
Dr Cash $700
Cr Common stock $600
Cr Paid in capital $100
So now remember that the maximum decrease in paid in capital to repurchase of common stock would be by $100 because this is the amount that is related to purchased common stock of 100 quantity.
So if the company purchases its common stock higher than the value it was issued before then it will decrease the paid in capital by the amount that is related to the stocks that have increased paid in capital (100 shares increased the paid in capital by $100) and the resultant would be deducted from the retained earnings.
The journal entry of Purchase of Treasury
Dr Common Stock $600 .... Decrease in Com.Stock at par value ($6*100)
Dr Paid in Capital $100 .... Decrease in APIC at associted share ($7-$6)
Dr Retained Earnings 300 .... Remainder ($1000-$600at par - $100Paid In)
Cr Cash $1,000